Small businesses gearing up to pay their first-quarter taxes on April 17 are in for a welcome surprise. Lower tax rates and a new 20 percent small business tax deduction, the result of recently passed tax cuts, will allow significant tax savings beginning this tax period.

While these tax cuts provide long overdue relief for American small businesses, they didn’t address one of the biggest taxes affecting small businesses: the capital gains tax.

Recommended Stories

Not just Mr. Moneybags: Ending the capital gains inflation tax helps ordinary Americans too

White House mulls economic stimulus measures as coronavirus fears grow

Trump’s Latest Economic Pick Should Worry Supply-Siders